Beyond the Craft: Lessons to Understand the Business Side of Home Services

Running a profitable home services business is no easy feat. Many entrepreneurs started out as technicians. They don't have MBAs and can struggle to understand the business side of their operations, leading to many silent profit leaks and missed opportunities.  In this episode, I sit down with seasoned builder Mark Williams to uncover the common financial pitfalls that trap home service providers. Learn how to understand the true cost of your employees, recognize profit leaks, and to implement systems to keep more of what you earn. Whether you're an HVAC technician, roofer, or general contractor, this conversation will give you the strategies to build a more profitable and sustainable business.   You'll Learn How To… Understand the business numbers, such as markup vs. margin, to avoid profit leaks Use a labor burden calculator to find the true cost of your employees Use the Profit First system to protect your profits and prevent overspending See that business success is about fiscal management just as much as technical work Incentivize and keep your employees by sharing in the company's profitability with them Build strong relationships with clients, leading to higher profits   Listen to all episodes at https://profitablehomeservices.com/ Connect with Mark at https://www.curiousbuilderpodcast.com/ Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com